Theory of Microeconomics (SZF_083)
About Study Course
Objective
To provide students with an overview of the theory of microeconomics, linking it to possibilities of practical application of this theory, evaluating alternatives and making sound economic decisions. This approach helps students better understand not only the importance of microeconomic theory but also anticipate the consequences of their own actions and those of other economic agents by critically evaluating the decisions made in different situations of the public economic life.
Prerequisites
Knowledge of basic economics at the secondary school level, mathematics.
Learning outcomes
On study course completion, students are able to list the regularities of the functioning of the market system, identify market failures, define the role of the state in the economy, as well as to find motivation for producer and consumer activities in conditions of competition and scantiness of resources.
On study course completion, students will be able to explain the regularities of the functioning of the market system, to explore alternatives to the use of limited resources.
Students will be able to classify sets, perform economic interpretation of matrices, explain function research algorithm, define concepts of financial mathematics.
Study course planning
| Study programme | Study semester | Program level | Study course category | Lecturers | Schedule |
|---|---|---|---|---|---|
| International Business and Sustainable Economy, SBIE | 1 | Bachelor’s | Required | Ieva Bruksle | |
| International Marketing and Advertising, MR | 1 | Bachelor’s | Required | Ieva Bruksle |
